Bombardier stock hits highest level since 2011 as analysts laud US$1.7B deal
Bombardier’s (BBD-B.TO) stock hit its highest level since 2011 on Wednesday. Analysts are hailing the Canadian business jet maker’s recent US$1.7 billion deal with an anonymous buyer as the latest sign of strong demand, and the waning threat of U.S. tariffs.
Montreal-based Bombardier announced an order for 50 of its Challenger and Global aircraft, plus a long-term maintenance contract on Monday. Deliveries to the unnamed buyer are set to begin in 2027.
The company’s Toronto-listed shares have rallied in the weeks since Canada-United States-Mexico Agreement…
